New contracts, letter of intent and trading update

RNS Number : 6508Q

LPA Group PLC

24 October 2011

 



24 October 2011

LPA GROUP PLC

("LPA" or the "Group")

New contracts, letter of intent and trading update

New contracts and letter of intent

Further to its announcement on 6 May 2011, LPA Group plc, the LED lighting and electro-mechanical specialist manufacturer, is pleased to announce two further orders totalling £0.6 million for LED light engines for use in hazardous area lighting on the Gorgon Gas Field in Australia. These are due for delivery in the current financial year and bring the total value of orders received on this project to more than £1 million.

LPA is also pleased to announce that it has received a letter of intent from Siemens, together with an order to cover initial design and tooling, to supply LED LumiMatrix lighting for the Warsaw Metro project, which is the first application using Siemens new Inspiro Metro product. The value to LPA of the first phase of the project is expected to be £0.6 million with delivery during 2012 and 2013.

Trading Update

LPA has experienced stronger than expected trading during the final quarter of its financial year ended 30 September 2011, with the result that the Group's full year results are likely to significantly exceed market expectations.

Peter Pollock, Chief Executive, commented:

"This is good news. Our LED lighting business is really beginning to demonstrate its growth potential and it is great to be building a worthwhile relationship with Siemens, one of the world's leading suppliers of rail vehicles. Group prospects in the new financial year remain encouraging."

 

ENQUIRIES:

LPA Group plc
Peter Pollock, Chief Executive	Tel: [phone] or 01799 512844
Steve Brett, Finance Director	Tel: [phone] or 01799 512860
Cairn Financial Advisers LLP (Nominated Adviser)	Tel: [phone]
Tony Rawlinson / Avi Robinson
XCAP Securities (Broker)	Tel: [phone]
David Lawman / Adrian Kirk
College Hill (PR Adviser)	Tel: [phone]
Gareth David

 

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